Yesterday, The Orange Group announced that it had signed away its 70% stake in Telkom Kenya to Helios. The finalization of the transaction remains subject to approval from the relevant authorities.

The signing reflects Orange’s intention to focus on optimizing its portfolio of assets in the Middle-East region as well as Africa.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market. The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the regulator.

Orange is currently one of the world’s leading telecommunications operators with sales of 39 billion euros in 2014 and 157,000 employees worldwide as at 30 September 2015. Present in 28 countries, the Group has a total customer base of 263 million customers worldwide, including 200 million mobile customers and 18 million fixed broadband customers.

Photo Credit: sandklef via Compfight cc

Ibukun Taiwo Author

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